XML 65 R44.htm IDEA: XBRL DOCUMENT v3.20.4

DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2020

DERIVATIVES

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

Fair values of derivative instruments in the Company’s Consolidated Balance Sheets follow:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2020

​

December 31, 2019

​

Other

​

Other

​

​

​

​

​

​

​

Other

​

Other

​

​

​

​

​

​

​

Current

​

Current

​

Other

​

Other

​

Current

​

Current

​

Other

​

Other

Derivatives by hedge designation

Assets

Liabilities

Assets

Liabilities

Assets

Liabilities

Assets

Liabilities

Designated as hedging instruments:

​

​

​

​

​

​

​

​

Foreign exchange contracts

$

2,451

​

$

1,124

​

$

—

​

$

—

​

$

1,288

​

$

522

​

$

—

​

$

—

Interest rate swap agreements

—

​

—

​

—

​

—

​

—

​

—

​

2,964

​

—

Forward starting swap agreements

​

—

​

​

—

​

​

4,876

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Cross currency swap agreements

—

​

—

​

—

​

4,308

​

—

​

—

​

—

​

653

Not designated as hedging instruments:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign exchange contracts

1,398

​

3,485

​

—

​

—

​

2,397

​

973

​

—

​

—

Total derivatives

$

3,849

​

$

4,609

​

$

4,876

​

$

4,308

​

$

3,685

​

$

1,495

​

$

2,964

​

$

653

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

The effects of undesignated derivative instruments on the Company’s Consolidated Statements of Income consisted of the following:

​

​	​	​	​	​	​	​	​	​
​		​		Year Ended December 31,
Derivatives by hedge designation		Classification of gain (loss)		2020			2019
Foreign exchange contracts	​	Selling, general & administrative expenses	​	$	3,160	​	$	13,154

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

The effects of designated cash flow hedges on AOCI and the Company’s Consolidated Statements of Income consisted of the following:

​

​	​	​	​	​	​	​	​
Total gain (loss) recognized in AOCI, net of tax		December 31, 2020			December 31, 2019
Foreign exchange contracts	​	$	660	​	$	620	​
Forward starting swap agreements	​	​	3,649	​	​	—	​
Net investment contracts	​		(1,822)	​		1,006	​

​

The Company expects a gain of $660 related to existing contracts to be reclassified from AOCI, net of tax, to earnings over the next 12 months as the hedged transactions are realized.

​

​	​	​	​	​	​	​	​	​
​		​		Year Ended December 31,
​	​	Gain (loss) recognized in the	​	​	​	​	​	​
Derivative type		Consolidated Statements of Income:		2020			2019
Foreign exchange contracts		Sales	​	$	(2,015)	​	$	975
​		Cost of goods sold	​		(158)	​		454

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration